I've been spooning out a healthy portion of financial planning vegetables in the aftermath of Hurricane Harvey. Now that we have covered the ins and outs of navigating the property insurance claims process, it's time for another helping of what’s good for you…because it’s Life Insurance Awareness Month! I know people really don’t like to think about this topic. But not addressing this cornerstone of planning can leave your heirs with big financial problems. According to the 2017 Insurance Barometer Study, conducted by Life Happens and LIMRA, while 84 percent of respondents agree most people require life insurance, only 70 percent said they themselves needed coverage.
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